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Marc Faber Biography

Investor

Marc Faber, born on February 28, 1946, is a renowned investor with a significant influence in the Asian financial markets. He is known for his unique investment perspective and forecasting abilities.

Related Quotes

“Something will break very bad.”

Break

Author:Marc Faber

“The media has brainwashed the electorate to expect the government to do something. The best economic policy of any government is to do nothing but reduce the size of the government, reduce the size of the laws, and reduce the size of regulations.”

Government Law Economic Media Policy Size Regulation Brainwashed Electorate Economic Policy

Author:Marc Faber

“I think 2015 will see a year where Europe outperforms the U.S. massively.”

Thinking Years Europe

Author:Marc Faber

“Given all the money printing that is going on globally - and not just in the US - and given that the total credit as a percent of the advanced economies is now 30% higher than in 2007 before the crisis hit, I think that gold is a good insurance.”

Thinking Given Economy Higher Percent Gold Crisis Credit Printing

Author:Marc Faber

“I think there are some groups of stocks that are highly vulnerable because they're in cuckoo land in terms of valuations.”

Thinking Term Groups Land Vulnerable Valuation Cuckoos

Author:Marc Faber

“One day the price of gold will be higher than the Dow Jones.”

Higher One Day Gold Dow Jones

Author:Marc Faber

“Our best long-term and intermediate cycles suggest another slowdown and stock crash accelerating between very early 2014 and early 2015, and possibly lasting well into 2015 or even 2016. The worst economic trends due to demographics will hit between 2014 and 2019. The U.S. economy is likely to suffer a minor or major crash by early 2015 and another between late 2017 and late 2019 or early 2020 at the latest.”

Wells Long Suffering Term Economy Economic Worst Late Majors Dues Long Term Cycles Lasting Trends Minors Crash Demographics

Author:Marc Faber

“You have to say that we are again in a massive financial bubble in bonds, in equities, in [other] asset prices that have gone up dramatically.”

Gone Financial Massive Assets Bubbles Equity

Author:Marc Faber

“The monetary policies of the US will destroy the world.”

World Policy Monetary Monetary Policy

Author:Marc Faber

“Buy a $100 US bond and frame it to teach your children about inflation by watching the US bond value diminish to almost nothing over the next 20 years.”

Years Children Values Next Teach Our Children Your Children Diminish Inflation

Author:Marc Faber

“It is clear to me that the financial sector, including CNBC, loves central banks”

Clear Including Financial Central Banks

Author:Marc Faber

“What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it.”

Government Havens Objects Crisis Currents Intervention Government Intervention

Author:Marc Faber

“If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war.”

Ifs War Standards Europe Down And Civil War Print Standards Of Living Zimbabwe Purchasing Purchasing Power

Author:Marc Faber

“When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker.”

People Wells Doe Economic Industry Flow Workers Financial Access Fund Print Economic Systems Financial Services Service Industry

Author:Marc Faber

“If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.”

“When I look at asset prices; real estate, bonds, equities, vintage cars… I think that gold is actually one of the few assets that is relatively cheap, relatively inexpensive.”

Thinking Looks Real Car Gold Assets Estates Equity Vintage Inexpensive Vintage Car

Author:Marc Faber

“I'd rather buy something that is relatively depressed than something that is relatively high.”

Author:Marc Faber

“As an observer of markets - whenever everyone focuses on one thing - like Greece and Europe - maybe they miss issues that are far more important - such as a meaningful slowdown in India and China.”

Important Issues One Thing Missing Europe India China Meaningful Observers Greece

Author:Marc Faber

“I am surprised with the reelection of Mr. Obama. The S&P is only down, like, 30 points. I would have thought that the market on his reelection should be down at least 50%.”

Should Reelection

Author:Marc Faber

“I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama, who basically doesn't care about piling up debt.”

Thinking States Problem Would Be Care United United States Republican Debt Disaster Romney

Author:Marc Faber

“If we have an economic crisis in the Western world it's because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people's freedom.”

People Ifs World Government Economy Economic Percent Crisis Western Cancer Western World Economic Crisis

Author:Marc Faber

“In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months.”

People Economy Months Six Oil Bubbles Commodity Six Months Housing Central Banks Cuckoos Housing Bubble

Author:Marc Faber

“The problem with Mr. Obama is that you get more regulation and it's a disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view.”

People Problem Term Views Economy Higher Taxes Negative Regulation Businessman Getting High

Author:Marc Faber

About the Author

Born: February 28, 1946
Known for: Investor
Quotes: 23

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